TMI BlogDisallowance of payment u/s 43B - Explanation 3C only prohibits an assessee for recognizing the actual...Disallowance of payment u/s 43B - Explanation 3C only prohibits an assessee for recognizing the actual payment of interest by converting its interest into loan or borrowings. - if an assessee has interest liability, and he converts that interest liability in further loan, then that will not amount to payment of u/s 43B as per Explanation-3C - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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